APG Asset Management N.V. grew its stake in SINA Corp (NASDAQ:SINA) by 12.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,700 shares of the technology company’s stock after acquiring an additional 1,800 shares during the quarter. APG Asset Management N.V.’s holdings in SINA were worth $534,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. AJO LP bought a new stake in SINA during the 2nd quarter worth approximately $42,000. Altshuler Shaham Ltd bought a new position in shares of SINA during the 1st quarter worth approximately $51,000. Advisor Group Holdings Inc. bought a new position in shares of SINA during the 1st quarter worth approximately $65,000. US Bancorp DE grew its stake in shares of SINA by 58.7% during the 2nd quarter. US Bancorp DE now owns 2,543 shares of the technology company’s stock worth $91,000 after acquiring an additional 941 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of SINA by 477.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,528 shares of the technology company’s stock worth $112,000 after acquiring an additional 2,917 shares in the last quarter. 55.19% of the stock is owned by institutional investors.

SINA stock opened at $40.41 on Wednesday. The stock’s 50 day moving average is $40.15 and its 200 day moving average is $35.58. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.62 and a quick ratio of 2.62. The firm has a market cap of $2.77 billion, a P/E ratio of -130.35 and a beta of 1.18. SINA Corp has a one year low of $26.04 and a one year high of $45.65.

Several equities research analysts have recently commented on the company. BidaskClub raised SINA from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 9th. ValuEngine cut SINA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. SINA presently has an average rating of “Hold” and a consensus price target of $51.50.

SINA Company Profile

SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. It operates SINA.com, an online brand advertising portal that provides region-focused format and content, including multimedia news; business news coverage and personal finance columns; sporting events news; automobile-related news; entertainment news and events; technology updates; interactive video products, such as news, sports, and entertainment; and education, digital, fashion, luxury, health, collectibles, travel, and other interest-based channels.

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Institutional Ownership by Quarter for SINA (NASDAQ:SINA)

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